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by jd_mongodb
1427 days ago
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Oracle's doom is a tricky one to predict, they have been around for a long time. Can they survive Larry Ellison's retirement? Who can tell? But IBM? You are having a laugh. IBM was there at the start of the computer industry and they have survived every single generation of change since, getting stronger each time. Saying IBM has faded in relevance is absolutely farcical. |
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The S and P is up 50%. https://finance.yahoo.com/quote/%5EGSPC/
Go back 10 years and IBM is down roughly a third while the S and P has almost tripled. This is while IBM has been doing massive buybacks to raise the price.
Is that farcical?
What’s interesting is a Mongo employee looking at IBM as a role model. This confirms the “get in and then and then squeeze your customers” strategy.
Just be careful. As an employee, the endgame isn’t pretty when the company realizes that young auditors are cheaper than old salespeople and engineers.